Don Davis writes: Only 21% of online retailers are prepared to notify consumers in the event of a data breach that exposes cardholder data, according to a new survey sponsored by insurance agency Jacobson, Goldfarb & Scott Inc. 61% of the 300 e-retailers surveyed said they were not prepared to notify consumers and 18% were…
Category: Commentaries and Analyses
Pointer: right to know
Another consumer is singing my tune about how consumers have a right to know what merchant had a breach. That states and Congress have yet to recognize that right is disappointing.
Why Hackers Find Many US Companies Easy to Hack?
Why do big companies fall prey to cyber attacks very easily? According to hackers taking part in Defcon conference, the world’s largest hacking convention in Las Vegas, workers at big corporations are poorly trained in security, which makes it “ridiculously easy” for hackers to trick them and reveal key information to plan cyber attacks against…
We need more breach notifications, not fewer
Some topics are more than what Twitter can handle. The other day, I tweeted: If bills in Congress are enacted, this #databreach wouldn’t require notification: http://bit.ly/qeqRmR I think it should. I didn’t indicate why I think it should. Nevertheless, Jim Harper of Cato subsequently responded with his own tweet: Data breach notice is making its way…
Data-Breach Disclosures May Decline 50% Under Proposed Bills
Corporate disclosures of data breaches involving U.S. consumers’ personal information may fall by 50 percent under legislation before Congress. House and Senate lawmakers have introduced at least five data-security bills this year requiring businesses to notify customers of intrusions if there is a “reasonable risk” that personal data including credit-card and Social Security numbers may…
Shortened Breach Disclosure Periods Could Hurt Consumers
Ericka Chickowski writes: As the SAFE Data Act data breach law made its way to the House Energy and Commerce Committee after passing through the Subcommittee on Commerce, Manufacturing and Trade last week, security experts are wondering at the wisdom of a national data breach law that requires notification within 48 hours of a breach’s…